The markets rallied hard last week. A pullback of some kind seems likely this week. December is normally a good month for the market.
The AI bubble has thrown the normal seasonal gyrations off this year, so we will see what becomes of December this time around. The rolling 52-week NHNL has made its way above 0. It makes me think the rally has a good chance of continuing for a while.
One thing to watch for is the spike up for the cumulative Capitalized NHNL seams to be decreasing each time. However, the rally needs to be respected until as such time it breaks down.
This is still currently a range bound market.
